Amendments in the Export and Import Policy, 1997-2002 - 23 (RE-98) 1997-2002 - Foreign Trade Policy

Amendments in the Export and Import Policy, 1997-2002 TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-II, SECTION-3, SUB SECTION (ii) GOVERNMENT OF INDIA MINISTRY OF COMMERCE NOTIFICATION NO.23 (RE-98) 1997-2002 NEW DELHI : 5th October, 1998 In exercise of powers conferred by section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 1.3 of the Export and Import Policy, 1997-2002 (incorporating amendment made upto 13.4.98), the Central Government hereby makes following amendments in the Export and Import Policy, 1997-2002: (incorporating amendment made upto 13.4.98) The first sentence of paragraph 6.2 shall be amended to read as under: "Capital goods including jigs, fixture, dies and moulds may be imported at a concessional rate of Customs duty subject to export obligation to be fulfilled over a period of time as per table given below. In addition, spares upto 20% of the CIF value of the capital goods may also be imported under the scheme". This issues in public interest. (N.L.Lakhanpal) Director General of Foreign Trade and ex-officio Additional secretary to the Government of India Copy to all concerned: (Ajay Sahai) Dy.Director General of Foreign Trade (F.No. PRU/AS/98-99/Open House)